PECKHAM ISLAMIC CENTRE (MOSQUE TRUST) STATEMENT OFACCOUNTS FOR THEYEAR ENDED 2024 CHARifi NUMBER: 1025396 CAPITAL BOOKS Chartered Accountants 122 Hither Green Lane LONDON SE13 6QA
Page 1 PECKHAM ISLAMIC CENTRE (MOSQUE TRUST) TRUSTEES ANNUA.L REPORT YEAR ENDED 31 MARCH 2024 The Trustees, who are also directors forthe purposes of company law. have pleasure in presenting their report and the financial statements of the charÉtyfor the year ended 31 March 2024 REFERENCES AND ADMINISTRATIVE DETAILS Registered charity name Registered charity number Registered off ice Peckham Islamic Centre (Mosque Trust) 1025396 12 Choumert Grove, Peckham, London SE22 4PD THE TRUSTEES Thetrustees who served the charity duringthe period were as follows: Mr. UmarElahi Mr. Mohammad Ziarab MrShakeeLMohammad Haji Mohammad Hanif Mr Mohammed Nawaz RESPONSIBILITIES OF THE TRUSTEES The Trustees (who are also the directors of Peckham Islamic Centre (MosqueTrust) forthe purposes of company law) are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations. Company Law requires the trustees to prepare financial statements for each financEal year. Under that law the trustees have elected to prepare the financial statements in accordance with United Klngdom Generally Accepted Accounting Practice (United Kingdom Accounting standards and applicable law). Under company Law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and the income and expenditure of the charitable company forthat period.
Page 2 PECKHAM ISLAMIC CENTRE (MOSQUE TRUST) TRUSTEES ANNUAL REPORT (CONT'D) YEAR ENDED 31 MARCH 2024 In preparing these financial statements, the trustees are required to: Select suitable accounting policies and then applythem consistently; Observe the methods and principles in the Charities SORP; Make judgements and accounting estimatesthat are reasonable and prudent; Statewhether applicable UKAccounting Standards have been followed, subjectto any material departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is inappropriate to presume thatthe charitable company will continue in operation. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at anytime the financial position of the charitable company and enable them to ensure that the financial statements complywith the CompaniesAct2006. They are also responsiblefor safeguardingthe assets of the charitable company and hencefor taking reasonable steps for the prevention and detection of fraud and other irregularities. In so far as the trustees are aware: There is no relevant audit information of which the charitable company's auditors is unaware; and trustees have taken all steps thatthey ought to have taken to make themselves aware of any relevant audit information and to establish that the auditor is aware of that information. INDEPENDENT EXAMINER Mansoor Mubarik, FCCA, ACA, of Capital Books, Chartered Accountants has agreed to act as an independent examiner. Registered office: 12 Choumert Grove Peckham London SE22 4PD Signed by order of the trustees Mr. Umar Elahi Trustee Mr. Mohammad Nawaz Trustee
Page 3 PECKHAM ISLAMIC CENTRE (MOSQUE TRUST) INDEPENDENTEXAMINER'S REPORTTO THE MEMBERS OF PECKHAM ISLAMIC CENTRE (MOSQUE TRUST) YEAR ENDED 31 MARCH 2024 We have examined the financialstatements of Peckham Islamic Centre (MosqueTrust) forthe year ended 31 March 2024 on pages 5 to 7. Thefinancial reportingframeworkthat has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom GeneraLIy Accepted Accounting Practice). This report is made solelyto the company's members. as a body, in accordance with section 495 and 496 of the Companies Act 2006. Our examination work has been undertaken so that we might state to the members those matters we are required to state to them in an examiner's report and for no other purpose. To the fuLlest extent permitted by Law, we do not accept or assume responsibilityto anyone otherthan the company and the company's members as a body, for our auditwork, forthis report, orforthe opinions we haveformed. RESPECTIVE RESPONSIBILITIES OFTRUSTEESAND AUDITORS As explained more fully in the Trustees Annual Report, the trustees (who are also the dÈrectors of the charitable companyfor the purposes of company law) are responsibleforthe preparation of the financial statements and for being satisfied thatthey give a true and fairview. Our responsibility is to examine and express an opinion on the financial statements in accordance with appLicable Law and International Standards on Auditing (UK and IreLand). Those standards require us to complywith the Auditing Practices Board's Ethicalstandards for Auditors. SCOPE OF THE EXAMINATION OFTHE FINANCIAL STATEMENTS An examination Énvolves obtaining evidence aboutthe amounts and disclosures in the financial statements sufficient to give reasonable assurancethat the financial statements are free from material mÈsstatement, whether caused byfraud or error. This includes an assessment of: whetherthe accounting policies are approprTgto toth@ ch2rit2blo comDany's circumstances and have been consistently appLied and adequately disclosed; the reasonableness of significant accounting estimates made by the trustees" and the overall presentation of the financial statements. In addition, we read allthe financial and non- financial information in the reports and ftnancial statements to identify material inconsistences with the audited financial statements. If we become aware of any apparent material misstatements or inconsistencies we consider the implications for our report.
Page d! OPINION OF FINANCIAL STATEMENTS In our opinion thefinanciaL statements; give a true and fair view Oi the state of the charitable company's affairs as at year ended 31 March 2024 and its incoming resources and application of resources fortho year then ended; have been properly prepared in accordance with Untted Kingdom Generally Accepted Accounting Practice- and have been prepared in accordance with the requ5rements of the Companies Act 2006. OPINION ON OTHER MAThER PRESCRIBED BYTHE COMPANIES ACT 2006 In our opinion the information given in theTrustees Annual Reportforthe financial yearfor which Lhe financial statements are prepared in consisient with the financial statements. MArrERS ON WHICH WE ARE REQUIRED TO REPORT BY EXCEPTION We have nothingto report sn respect of the following matters where the companies Act 2006 requires us to reportto you if, in our opinion. adequate accounting records have not been kept, or returns adequate for our audit have not been received f rom branches n.ot visited by us: or the financial statements are not in agreementwfLh the accounting records and returns- or certain disGLosure8 of trustees, remuneration specified by law are not made- or we have not received aLLthe information and explanations we require tor our audit. Mansoor MubarikFCCA. ACA Capital Books Chartered Accountants 122 Hither Green Lane LONDON SE13 6QA Date.. 1<7
Page 5 PECKHAM ISLAMIC CENTRE (MOSQUE TRUST) Statement Of FinanGiaL Position 31 March 2024 2024 2023 Note Fixed assets Tangible assets 4 1,370,889 1,290,694 1,370,889 1,290,694 Current assets Debtors Cash at bank and in hand 8,021 22,125 71,294 30,146 71,294 Creditors: amounts falling due within one year (150) (14,379) Net current assets 29,996 56,915 Total assets less current liabilities 1,400,885 1,347,609 Net assets 1,400,885 1,347,609 Capital and reserves Profit and loss aGGount 1,400,885 1,347,609 Shareholders funds 1,400,885 1,347,609 Approved bythe Management Committee on 14 March 2024 and signed on its behalf by: ..Trustee -.Trustee Umar Elahi Mohammed Nawaz
Page 6 PECKHAM ISLAMIC CENTRE (MOSQUE TRUST) Notes to the financial statements Year ended 31 March 2024 1. ACCOUNTING POLICIES (a) Accounting convention. TheseAccounts have been prepared underthe historical cost convention. (c) Going Concern: The centre's activities are funded bythe general donations and contributions collected in the centre, and it is expected that this will continue into the foreseeable future and as a result, these financial statements have been prepared on a going concern basis. Tangible assets Freehold fittings and property Fixtures, equipment Total Motor vehiGles Cost At 1 April 2023 Additions 1,287,182 26,000 54,536 15,000 1,341,718 84,797 43,797 At 31 March 2024 1,313,182 69,536 43,797 1,426,515 Depreciation At 1 April 2023 Charge for the year 51,024 2,777 51,024 4,602 1,825 At 31 March 2024 53,801 1,825 55,626 Carrying amount At 31 MarGh 2024 1,313,182 15,735 41,972 1,370,889 1,290,694 At 31 March 2023 1,287,182 3,512 Debtors 2024 2023 Trade debtors 8,021
Page 7 PECKHAM ISLAMIC CENTRE (MOSQUE TRUST) Detailed income statement Year ended 31 March 2024 2024 2023 Turnover Donation collected HMRC gift aÈd 159,433 18,513 159,091 177,946 159,091 Gross profit 177, 946 159,091 Overheads Administrative expenses Wages and salaries Staff pension costs Visiting scholars expenses Social and cultural Children classes Water Insurance Light and heat Cleaning Repairs, maintenance and refurbishment Cutlery Telephone Computer costs Equipment repairs and maintenance Bank charges Depreciation of tangible assets (21,834) (19,211) (126) (216) (14,550) (12,600) (18,450) (17,400) (1,132) (7,154) (3,712) (384) (2,253) (1,554) (19,038) (8,216) (6,098) (5,863) (6,824) (69,800) (483) (1,705) (1,397) (11,800) (900) (12,117) (4,665) (429) (688) (4,602) (620) (124,670) (151,151) Net Income Resources For The Year 53,276 7,940 Balance Brought Forward 1.347,609 1,339,669 Balance Carried Forward 1,400,885 1,347,609